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UK wages continue to outpace inflation, figures show
Pay outstripped price rises by 3.4% between October and December while the unemployment rate remains unchanged.www.bbc.co.uk
Can anyone explain where these figures come from please?
It seems that every couple months we get an article saying pay growth is 5% or whatever. But who gets payrises in January? Most pay reviews are April aren't they?
Even if pay rises are spread across the year across the population, does that quoted 5% apply to only the sample of data being used or is it averaged across everyone? Because 5% per quarter growth would be 20% over a year. So that can't be right.
Personal tax allowance hasn't gone up though? So just means you reach the next tax bracket quicker...and pay more tax.
Radio was talking about salaries going up more than house prices. Doesn't seem true to me, salary has been about the same for 10 years, switched jobs a few times can never get more. Now unemployed as loads of devs are, which should bring salary down, unless zero is excluded, which would be madness if so.
Thanks, that wasn't my question though.
I haven't received a payrise in the last quarter, so my pay growth is zero.
Whose data is being used to determine pay growth last quarter was 6%?
Because if you average all those with payrises and all those who didn't get one, surely the number can't be 6%.
They asked people/companies and based it on who replied. I assume it took into account public sector pay rises which are a known quantity.
I would have thought they would look at the live PAYE data these days, though the BBC does talk about a survey to employers. Just seems a really poor way of doing it these days, particularly for employment data.They asked people/companies and based it on who replied. I assume it took into account public sector pay rises which are a known quantity.